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attend sandy hook elementary school in newtown, connecticut, will be heading back to school tomorrow. they will be using a school in a neighboring town where their old classrooms have been completely re-created. back to connell. connell: thank you very much. we will go back to the markets here today. a big day for the markets. oil has been up. sandra smith is with us with more in the tray today from chicago. sandra: hey, connell. oil is a point of focus right now. it is topping $93 a barrel. this as the stock market rallies and we get a very weak dollar. what do you do in this environment? oil is above $93. >> i think it is a weak dollar. europe, japan in the u.s. all have their issues. with the european union, the banks are still leveraged at 2007 levels. i do not think the story in europe is over. with the news coming out, the numbers are good. we see expansion coming in at the 95 level. when we look at things like oil, we also look at things like gold. what is the play following the fiscal cliff deal? >> i like gold. the liquidity is so huge. my rule of concern as a traitor is the
from 134 years ago today. when we come back so i will get reaction from superstorm sandy victims on congress' inability to act. and the fiscal cliff deal area even if it was a bad one, details on the rally and what to expect for the rest of the week coming up next gerri: breaking news right now from new york or the state department confirming or the state department confirming secretary of state hillary clinton has been discharged from new york presbyterian columbia hospital. she left with her husband, president bill clinton and daughter chelsea. she was admitted to the hospital on sunday and received treatment for a blood clot in her head. again, secretary of state hillary clinton discharged from a new york hospital at this hour. some great news there. your 401k getting a nice boost today as markets celebrate a deal on the fiscal cliff. the dow rocketed more than 300 points. the s&p achieving the biggest one-day gain since december of 2011 come all the way back then. the nasdaq is up 3%. a record high for small stocks. scott martin, is with us now. so right here on my list of qu
billion worth of advice from our market panel, bill greiner and sandy lincoln. but first, let's talk to rich edson and, rich, you know, you're looking at a situation at the moment where you have the president saying we're close, but no deal. you have senator mitch mcconnell on the republican side saying close, but no deal. leads me to ask, what about joe biden? our vice president? he's the one who kind of brought things together in the early morning hours. >> reporter: he did, and mitch mcconnell called vice president biden, and they were hammering out a deal almost to the point where the senate minority leader said when he woke up this morning he thought they did have a deal, at least on the tax portion. republicans saying they have worked out and reached agreement on the tax issues, the problem are the automatic spending cuts, the $94 billion known oz the sequester throughout 2013. the white house wants to pull back on those cuts, republicans want to replace those cuts with other cuts. first, let's take a look at what they've agreed to. this is the framework on taxes. it exempts in
, sandy? a drop in the price of oil? >> well, the traders i talked to on the floor say that those who think we are going to get some sort of deal or conclusion to this fiscal cliff by the end of the year think it's going to be a bad deal so while some are saying that we could get a rally if there's a deal reached by the president and congress, we could get a quick ramly, it's only temporary and we face the reality of the situation in the new year, and bottom line, david, when we looked at the oil reports today, there is a significant decline in energy consumption in the united states right now, and while that might be good to lower gas prices, it's not a great sign about the overall economy. david: it's not at all, but it makes the current rise in oil prices seem stranger than before. if the economy's slowing down, no reason for oil to be above 90 # for the long term. >> right. david: thank you very much. >> the trend with the retail consumer as a whole; right? david: market pam, john stevenson and larry, multimedia trust associate portfolio manager from west newton, massachusetts, an
the fiscal cliff deal just stopped. superstorm sandy destroyed 72,000 homes, but congress failed to act on the recovery bill there. the senate approved a 60 million dollar measure friday, the house did not vote on it. both republicans and democrats from the northeast especially, they're not happy with it. here is new york congressman michael grimm. >> and lost family members and now, i have to go home and tell them their new years gift they're going to wait even longer, even longer for something they should have had over a month ago. stuart: okay, fair point, but look, we've got to point out that the senate bill was loaded with pork, help for alaska's the vote was not taken on the sandy relief measure. you remember the newspaper that published the names of gun owners in new york counties? those gun owners were outraged. now, you won't believe how that newspaper is responding. that will be new at 10. and also, the top of the hour, the n.r.a. calls for armed guards in every school and now one town in new jersey, following through with its plans to put guns in schools starting today. back
house held today at a school for students who survivedded the massacre at sandy hook elementary school in newtown, connecticut last month. classes begin tomorrow at a former middle school nearby where workers and teachers have been painting and preparing classrooms. prosecutors and defense attorneys in the colorado shooting case say they are ready for key hearing next week when prosecutors outline the case against james holmes charged with killing 12 and wounded dozens of others in a movie theater in a denver suburb last july. the judge will decide if there's evidence to put holmes on trail. that's a look at headlines making news this hour. back to you. >> uma, thank you so much. fiscal cliff deal reached by congress delays across the board cuts by two months, but the next guest say it's no free ride for defense stocks. the executive director and senior analyst, thanks so much for joining us. this is just a temporary measure, obviously; right? staving off dealing with the problem for two months. what do you think happens then? >> well, you're right. it just pushes out the start of the
, superstorm sandy. they do not think it was consumers fear got as much as it was on the drops of the markets in the middle east. back to you. lori: i think they did more online also. joining us now is founder and resident of sica wealth management. this is what i am thinking about with this disappointing sales. it is so difficult for the federal government. people are wary of all of the uncertainty. they are keeping their pocketbooks closed during this all-important spending season. do you see that as an interesting perspective? >> i think at this point, here you have this santa claus rally which is a market phenomenon that makes sense until it doesn't. that works until it doesn't. coming into this season we would have a typical 1.7% increase in the s&p 500. now, we are dealing with questions that will remain unanswered until january. that uncertainty makes investors anxious. tracy: we have for trading days left. what should we be doing? what should people be doing over the course of the next couple trading days? >> i think people should really look at their capital gains. we are at a point
for the victims of sandy, but the bill is also packed with projects that have nothing to do with the storm, like a new roof for the smithsonian museum. i'm sure there would like a new roof, but this is supposed to be for hurricane victims. millions for tree plantings and towns which sandy did not even pa, let alone damaged. my next guest says that is wh they should have voted against it. american majority action spokesman, i just saw your tweet. you're talking about, what was it, $200 million for alaskan fisheries. you said, why alaska? >> i don't know. alaska is the only state in he union where you et a plate -- paid to live. they all have to pay taxes. they can afford fishery project. the bigger project is, why was this in the emergency bill for hurricanes in the? doesn't make any sense. 9 billion will be spent in 2013. 85 percent doesn't come until 2014 and beyond. that's not immediately. what this bill is fundamentally is a poor bill. what the senate could have done is passed the clean $9 billion loan through -- through the states. here is your relief and pass that. instead to my they came b
at legalzoom.com today. and now you're protected. liz: we have breaking news on the sandy bill. while it appeared they would not be voting on the $60 billion bill, a piece of it, strange, but a piece of it will be voted upon. the $9 billion federal flood insurance part of it related to hurricane sandy will be voted on friday. this according to representative king of the state of new york saying house speaker john boehner has agreed to hold this vote. what about the remaining $51 billion package? when congress returns on january 15, they will vote on that, but they will try to push up at least $9 billion of it for the federal flood insurance part of it related to hurricane sandy. chairman and ceo. now there is a deal, i guess people really want to know, what do the business leaders, is the deal enough where you will open not necessarily the floodgates but at least some of your pocketbook and say we are ready to bring on some more clarity? >> the compromise of a short-term fix too many challenges faced by the u.s. economy. i think this is not done, we have further erosion of consumer an
is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading volume was down there may be at camp saying it is a good price. exxonmobil refinery near chicago jeff? >> and
basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >>> david asman, in for mr. varney. we're minutes away, dow futures are trading up. so at least at the beginning it may be a good trading day. now 15 seconds away from the opening of the dow, nasdaq and s&p 500 have been down the past two sessi
and the future. all of that coming up next. super storm sandy outrage. the house speaker turning his back on those devastated by the deadly storm. fellow republicans taking aim at the speaker. >> the dismissive attitude was shot last night. it typifies a strain in the republican party. this is not the place to discuss politics, but politics seeped over into a governmental decision that was made. i cannot imagine that type of indifference, that type of this regard, that cavalier attitude in any other part of the country. the president is taking a victory lap for raising taxes on the top 2% and making the bush tax cuts permanent. what the president does not mention, also raising taxes on nearly 80 percent of all americans, and the national media doesn't mention it either. we do. antitax crusader grover norquist joins us here next. ♪ th my friends, we'll do almost anything. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures l
frequently. even when we had hurricane sandy rolling through the airline stocks outperformed the s&p week of and week after. at this point investors are overlooking that kind of thing. david: hunter, one of the surprising thing airlines learned to make money with sky-high gas and fuel prices. how have they done that. >> two main things. capacity discipline. they removed 8% of domestic capacity. david: they're just grounding planes? >> they put down more fuel efficient planes in '08. they are trimming underperforming flights. domesticly the u.s. airline industry is same size as 1999 despite more passengers are fly. david: the other thing. >> fees. david: all the bag fees. hate them but it is helping them. >> only single-digit percentage of their revenue but 155% of their ebitda. this is 100% margin stuff. shibani: six bucks for a pillow helps somebody. >> yeah. shibani: look at couple stocks doing very well. southwest airlines, 20%. alaska airlines up 15%. what is their recipe for success and what can we see carry over into the new year? >> a lot of people were very pleasantly surprised wi
spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern for the consumer back in october. the national retail federation had projected holiday sales would go up about 4.1%. adam: yep. >> that is some growth but it is nowhere near the 5.6% we saw lt year. there is a little bit of a slowdown. also we have to look at the consumer sentiment numbers. it is coming in at the month of december around 72 points. that is 10 points less than at its high in july. so we're definitely seeing that consumer slowdown happen even way before the fourth quarter. adam: you're with therf. you're with the national retail federation, are you not. >> no. i'm an independent analyst. adam: excuse me. a lot of people like the nrf but what are the repercussions whether for the nrf or anybody? nrf, they're sticking to it. they're not revising their predictions. shopper
, bill. in fact there is going to be more spending. if you throw the sandy bill in. there are a lot of good people in the new york area who need the sandy bill but it will feed a lot of bureaucracy in washington as well. is all hope for cutting spending lost? >> well, it is only half a loaf but i think there is a lot to like in what happened last night t should have happened a lot sooner than that and, unfortunately i think washington is becoming the entertainment capital of united states. i hope that moves back to hollywood. but within, what we did get and you're right, only the tax increase. it is not the spending cuts and entitlement restraint that we need but what we did get was 3/4 of a trillion dollars of deficit reduction. david: whoa, let me stop you there, bill. you're assuming that this new revenue is going to reduce the deficit. i don't assume that at all. in fact if you look at history, the more money that comes in the more goes into flue spending rather than reducing the deficit. >> well you're absolutely right and we absolutely need to do the next step which is spendin
, or emergency dollars for sandy victims as well? >> there is still discussion on the house side of dealing with the sandy bill. there was negotiations in meetings last night with the members of the new york and new jersey delegation specifically related to sandy and number of difficult farm committees and farm state representatives have been discussing with republican leadership how they get that done as well. all the parts are moving here on capitol hill. when it comes to the fiscal cliff negotiations everything is extremely fluid. the deal is a tentative frame work. they're still working out details. shibani: got it. still very much anything can happen. thanks a lot. >> all right. ashley: rich, thank you. a framework perhaps. let's go to peter barnes at the white house. peter, what are you hearing? >> i can confirm what rich is reporting much the president will come out here any minute but he is not expected to announce a final deal. he is going to say that the congressional negotiators and the white house are close to a deal here but that the clock is still sticking to try to get someth
have to put that in perspective the sandy supplemental bill started out $60 billion. one storm could wipe out all the savings or. adam: that sandy supplemental bill is 60 billion, 45 billion according to taxpayers for common sense is stimulus spending that doesn't involve the hurricane. dan, i will come back to you after we listen to sound bite from harry reid, senate majority leader commenting on the negotiations today. here is what he said. >> okay. we had a long meeting in the white house. it was very constructive. we hope that it will be bear fruit but that is what we hope ad lot. i think that the next 2 hours will be very instructive what we're able to accomplish. >> was there progress? discussion of a concrete proposal? >> we talked about a lot of things. there is no concrete proposal at this time. we have a number of different directions we'll try to take and we're going to see what can be worked out. >> will you work on a piece of legislation? >> pardon me? >> is it a good sign or bad sign you guys are not talking much after this meeting?. >> i hooe everything is a good sign.
by hurricane sandy. adam: okay, here at fox business network, we are going to monitor all of us through the evening. we will have cuttings for you to bring you up to speed. every hour on the top of the hour. but if the senate should convene earlier within the hour, for the vote -- we will come back live to let you know how this plays out. what a wonderful way to start the new year. the u.n. and our. >> this has been a fox business special report. we now return you to your regularly scheduled programming. lou: 10 other states remain undecided as to the course they will take. all of these states, by the way, those 17 states, nearly all of them have republican governors. we are joined now by peter have johnson dinner. trial attorney, fox news legal nk tha analyst. >> it >> thank you foris having me.in. lou: the 10 commandments as part of their credo ay that that is pn their credo. the 10 commandments, the golden rule, delivering pleasing things to the lord. they say that we don't want to be forced to purchase pills that will kill babies. we are not going to do it. but the circuit court, th
updated next. the sandy hook massacre. tonight we focus on america's mental health problems and issues in the lou dobbs for him. what can be lou: we want to begin by showing you a new poll, a survey showing the number of americans, majority of americans believe the most effective ways to prevent masshootings are increased police presence, 53%, followed by an increase on the focus of mental health care, 50%. no gun control at that point. number four in this survey. joining us, psychotherapist, psychologist, also professor. we know what we're talking about. lou: good to have you all. people are strugglinwith here is the reflex first, ban all guns. washington, d.c., blazed with that idea. the american people in survey after survey, thinking a thoughtful approach to this are the politicians. what do you think about the idea we should pay more atteion to mental health in this country? >> are usually supported. one of the things that would be helpful agreeing with mental health is the stigmatizing it. there is so much shame surroundina mental illness when the fact of the matter is a large po
next. the sandy hook massacre. tonight we focus on america's mental health problems and issues in the lou dobbs for him. issues in the lou dobbs for him. what can be hey, travis... get some friends, loser! so, are you all right, man? yeah. let me help you out. thanks. ♪ lean on me, ♪ when you're not strong, and i'll be your friend. ♪ see you around. yeah. ♪ i'll help you carry on... ♪ lou: we want to begin by showing you a new poll, a survey showing the number of americans, majority of americans believe the most effective ways to prevent mass shootings are increased poli presence, 53%, followed by an increase on the focus of mental health care, 50%. no gun control at that point. number four in this survey. joining us, psychotherapist, psychologist, also professor. >> we know what we're talking about. lou: good to have you all. people are strugglinwith here is the reflex first, ban all guns. washington, d.c., blazed with that ide the american people in survey after survey, thinking a thoughtful approach to this are the politicians. what do you think about the idea we s
sure to be a significant national discussion. you postedd updated next. the sandy hook massacre. tonight we focus on america's mental health proble and issues in the lou dobbs for him. what can be progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you wanto run through it again? no, i'm good. you got it? yes. rates for us and them -- now at's progressive. call or click today. lou: we want to begin by showing you a new poll, a survey showing the number of americans, majority of americans believe the most effective ways to prevent mass shootings are creased police presence, 53%, followed by an increase on the focus of mental health care, 50%. no gun control at that point. number four in this survey. joining us, psychotherapist, psychologist, also profsor. >> we know what we're talking about. lou: good to have you all. people are strugglinwith here is the reflex first, ban all guns. washington,
use that four hurricane sandy? >> the red cross has a unique role with disaster recovery, they have to do with. they are chartered by congress. they have to show up. in most situations they are the first responders. but for those to step back to say a lot of people will help the red cross but what can i do? maybe in the second week when you see the pattern of what people really need. to fix up their houses or we need more meals for the elderly who could not get downstairs smetimes it could be thoughtful to wait. john: bill o'reilly always tries to get me to do was story. >> do was story of the scam charities. there are some but not many. some are less efficient but most do good things. >> there's a lot of discussion of trying to change the tax code to limit charitable conjured -- contributions. do you agree on that especially the man from the ayn rand institute. [laughter] >> no. i believe to the extent we have a tax cut it should be as simple as possible with no attempt to dictate what they think is the good use of the money. social policy should not be donethrough the tax code. jo
billion-dollar spending bill for hurricane sandy relief, it is a bit conversional it include something spending items that had nothing to bowith the storm or the victims like a new roof for the smithsonian. we'll keep you posted. >> coming up, fists are flying, newports could be closing. the union fight that could hit you right in your wallet. then, why if you are pretty, things could get ugly. it now is legal to fire women just because they look like kate upton. tom: thousands of dockworkers are threatening to walk out of ports this weekend. jonathan gould said this strike would make things worse. jonathan, what is the impact to the retailers? >> thank you very much, tom, impact for not only retail industry but all industries rely on the ports for imports and exports will be significant if they are allowed to shut down for any length of time witness once the contract expires this weekend. tom: from department stores to lumber, and auto, will one be hurt worse? >> this will be wespread across all industries, including retail, manufacturers who rely on inputs to production, farmers tryi
, they are not even paying any attention. and today, they are threatening to do sometng with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9-foot wave of flood water hit her store. she has picked up the pieces and opened her doors for busins. despite losing all her equipment and furnishings, her innsurance denied her claim and she got no help from the government. take a look at this. they got her back in the business. it's pretty awesome, right? the party of procrastination can take a lesson from the small-business owner in staten island, new york. congress has nothing to show for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us gerri: big tax hikes set to t gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on
was superstorm sandy that hit the big shopping areas and 5 lot of the big -- a lot of the big population centers on the east coast, and people there in new york, new england did not shop, and that was sufficient enough to bring down the numbers nationwide. there was a built of a rebound prior to christmas, but not enough to put us back on track for what the national retail federation says is their prediction for the holiday shopping season. 4.1% growth over last year, $586 billion season, but others say, no, nrf is off, and, in fact, shopper trek on monday revised from 3.3% to 2.5% growth. expect to see big sales, especially when you consider, nrf says, i think, that retailers make anywhere from 20% to 40% of revenue in the holiday shopping season, could be bad news for a lot of people. ashley: could indeed. adam, thank you very much. >> yep. ashley: there's a holiday hangover today, no doubt about, that but they have to help customers know when a sale is a sale. scott, bbc capital markets retail analyst joining me in a fox business exclusive. scott, what do you mean? people are told when a sale
after superstar sandy that they need to be on their toes. liz: thank you anna and peter. good reporting out there. amazon topping the list of most satisfying websites to shop on. with us, shibani joshi. she has the details. shibani: amazon has been the best for a number of years. [talking over each other] shibani: not all online shopping sites are the same. thankfully, we experience this directly. we are also getting this data. online research company releasing their annual results. for the eighth year in a row, amazon is the number one online retailing sites. also, other names, you may or may not be familiar with, qvc, estÉe lauder, etc. amazon has such a wide range of goods. it is certainly an easy to use site. the losers this year, some of these i have not even heard of. nutrisystem, that is a weight loss system. you have those flash websites. they are coming in at the bottom of the list. 24,000 people responded. liz: who had the biggest drop? shibani: not surprising, jcpenney. the confusion of what is happening in the stores. also, apple. that was a big one. it saw a drop because i
what he sure to be a significant national discussion. you postedd updatedext. the sandy hook massacre. tonight we focus on america's mental health problems and issues in the lou dobbs for him. issues in the lou dobbs for him. what can be [ me announcer ] this is the age of knowing what you're made of. why let ectile dysfunction get in your way? talk to your doctor about vgra. ask if your heart is healthy ough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more tn four hours. stop taking viagra and call your doctor rht away if you experience a sudden decrease or loss in sion or hearing. this is the age of takg action. viagra. talk to your doctor. lou: we want to begin by showing you a new poll, a survey showing the number of americans, majority of americans believe the most effective ways to prevent mass shootings are increased police presence, 53%, followed by an incr
we would provide the emergency assistance needed for the victims of sandy. one of the countries worst storms in history that damaged the northeast so badly, i'm hopeful we can move on both of these issues and that we will have members on both sides who perhaps will not agree, but hopefully we will have members on both sides who will agree, and we will act as the american people expect us to do so. >> we will hear from incoming vice presidents. >> thank you. i will be very brief. the difference between a divided government and dysfunctional government is the willingness to compromise. we saw that in the senate as leader nancy pelosi, that means looking at an agreement and deciding whether unbalanced, helps move the country forward. and we're hopeful that republicans on the house will do as democrats and republicans did on the senate, and wailed equities deciding at the end of the day that everybody gets 100% of what they want. democracy means a willingness to come together for the good of the country. and that is what compromise is all about, especially in an era of divided government.
, not just bagels is the name of it. completely wiped away by hurricane sandy. listen to this, we just got word she is reopening her store tomorrow. important news there. in related news, congress still fighting over the supplemental bill. the latest guidance and not vote expected in the senate tomorrow night. we will cover that story as well and we will be right back with my two cents more at the answer to the question of the day. do you feel the housing market in your area is recovering? [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ♪ gerri: an update to of breaking news story we told you about a little earlier in the show. tomorrow we said there would be a congression
in that. and then the medicare fix which is a cut in medicare payments. the sandy flood insurance, emergency supplemental, 60 billion, house hasn't said it will take that up yet. you are right, there's a bunch of other pieces of fruit on the tree that have to be plucked. stuart: may i make a prediction? it is this, you peter barnes will be working until 11:59 this evening. do you think? peter: and happy new year to you too, stuart. [laughter] stuart: i'm serious. i think it is going to go right down to the absolute second. that's what i think. peter barnes, excellent stuff. thank you very much indeed peter. appreciate it. peter: thanks. stuart: president obama vows to make gun control a major issue in the new year. here's the president on meet the press yesterday. >> i've been very clear that, you know, an assault rifle ban, you know, banning these high capacity clips, background checks, there are a set of issues that i have historically supported and will continue to support. >> can you get it done? >> so the question is, are we going to be able to have a national conversation an
billion season. the problem is spending polls track might be off. superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't be a disaster. welcome to the show. you heard what adam said, that the consumer which accounts for 70% of the gdp, spending, they are pulling back and pulled back this year and during holiday shopping season. how close are we to start getting into this talk of getting into recession again? >> we're pretty close by i appreciate your pudding a qualifier that we don't have to go into a panic. there are a couple reasons for that. if you look at the stock market which is mainly where people place risk bets on growing their assets it
Search Results 0 to 47 of about 48 (some duplicates have been removed)